Central bankers highlight merits of fixed exchange rate regimes

Kemal Kozarić, the governor of the Central Bank of Bosnia and Herzegovina (CBBH) and DeLisle Worrell, the governor of the Central Bank of Barbados, have both stressed the importance of a fixed exchange rate regime in promoting stability in small, open economies (SOEs).

Kozarić, making concluding remarks at a meeting of the Central Bank Governors' Club of the Central Asia, Black Sea Region and Balkan Countries, said a fixed rate is the "optimal model" for achieving low inflation and banking secto